Risk mitigation consultancy acquired by G4S

Security services group buys into the Asian risk mitigation consultancy market with the acquisitio of Hill and Associates Consultants for $8 million

G4S has acquired 100% of Hill & Associates Consultants, an Asian provider of specialist risk mitigation consulting services. The company was acquired from Hill & Associates Group Limited, a special purpose company majority owned by Navis Capital Partners Limited together with founders and senior management of Hill & Associates, for a total gross cash consideration of US$8 million. Hill & Associates had audited revenues of US$20 million in the twelve months to December 2008.

Hill & Associates is the leading risk mitigation consulting business in Asia with operations in 14 countries. The business employs approximately 200 staff with a wide variety of professional backgrounds to provide Risk Intelligence, Enterprise Risk Management, Corporate Intelligence and Fraud Prevention & Integrity Risk Services to over a thousand clients every year.

The acquisition of Hill & Associates supports the G4S strategy of developing its capability to provide high-end risk consulting services to financial institutions, corporate multi-nationals and other customers and an important step in building a global network of risk and security consulting businesses.

Ted Devereux, President of G4S's Asia Pacific region commented: "The acquisition of Hill & Associates significantly increases our capabilities and customer offering in the region. I am pleased to welcome all of Hill & Associates staff to G4S and am looking forward to working with its founding partners Colin Hill and Richard Hickson who will be responsible for leading the development of G4S's Asia Pacific risk consultancy operations."

Richard Hickson, CEO of Hill & Associates said: "The combination of Hill & Associates' existing capabilities with G4S's capacity and footprint will provide our clients with an unparalleled service offering encapsulating intelligence, assessment, advice, support and response. Colin Hill and I are very excited by the significant opportunity to develop our business and about the benefits this development will bring to our clients and our staff. We are looking forward to working with Ted Devereux and the team at G4S to realise this vision."